Post ID 40016

Hamilton, Ont. woman ‘deeply regrets’ taking cash advance with interest of 47 %

Pat Foran Customer Alert Videojournalist, CTV Information Toronto

TORONTO — A Hamilton, Ont. girl claims she ended up being having financial difficulties whenever she received the opportunity to combine her debts with financing from a quick payday loan business.

“i obtained an offer from a loan that is payday and chose to make use of it and from now on we profoundly regret it,” Kathleen Kennedy told CTV Information Toronto.

Kennedy stated that she took out of the almost $4,300 loan an and a half ago year. Also she still has much more left to pay off and due to the pandemic she says she can no longer continue to make her payments though she has been paying $252 per month.

She states the attention price regarding the loan is 47 %.

“I discovered it had been a really bad blunder. (more…)